American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z

Key Points

American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC.
Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing down from a 7% growth rate early in the year to 6% in the second and third quarters, according to the firm’s earnings presentation.
The pickup was especially fueled by millennials and Gen Z users, who spent more on experiences such as travel and entertainment.

Source

Finance

How to use the tax-loss selling occurring now to pick up quality stocks on the cheap

November 18, 2025

It’s that time of year again: the annual tax-loss harvest. It’s happening across the brokerage firms right now, and it’s happening in size. Advisors are locking in losses to offset the big realized gains from earlier in the year, especially back in April when clients trimmed their winners and booked profits. We know from trading […]

Finance

Stocks making the biggest moves premarket: Home Depot, Blue Owl Capital, Amer Sports & more

November 18, 2025

Check out the companies making headlines before the bell: Helmerich & Payne — The drilling rig company fell more than 7% following disappointing earnings results. In its fiscal fourth quarter, Helmerich and Payne reported an adjusted loss of 1 cent per share, missing the FactSet consensus estimate of 23 cents earnings per share. On the […]

Finance

Klarna tops third-quarter revenue estimates in first earnings report since IPO

November 18, 2025

Key Points Klarna topped Wall Street third-quarter revenue expectations in its first earnings report since its IPO on the NYSE in September. CEO Sebastian Siemiatkowski told CNBC that the company is benefitting from U.S. growth and growing adoption of Klarna Card and fair financing. Siemiatkowski said the company isn’t yet seeing “material differences” in payback […]